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The pace of recovery in the US labor market slowed significantly in November. It was suggested that increased infection with the new corona virus has affected workers and slowed a widespread economic recovery.
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The nonfarm payroll figures reflect in part a decline in the number of temporary workers hired for the census (93,000).
In November, employment tended to be concentrated in a smaller number of industries. The shift to online shopping this holiday season has had a huge impact.
The number of employees in transportation and warehouses has increased by 145,000, the largest increase since 1997. On the other hand, retail sales decreased by 34,700. It reflects that some sectors are hiring less than usual at this time of year.
Entertainment and hospitality increased by 31,000 (up from 270,000 last month). Meanwhile, job growth has slowed in various sectors such as manufacturing, construction, professional / business services, and healthcare.
Employment is 9.8 million below the pre-crown epidemics, and many Americans have been unemployed since losing their jobs in March-April.
The number of long-term unemployed who have been looking for work for more than 27 weeks has risen by 385,000 to 3.9 million, the highest level since 2013. It represents more than 30% of the total number of unemployed.
“The situation in Corona is deteriorating rapidly, suggesting a slowdown as it enters a major phase of economic recovery,” said Gregory Dako of Oxford Economics. “In December, this is quite worrying. We, above all, must be watched by policy makers,” he said.
The labor force participation rate for working men aged 25 to 54 fell 0.5 points to 87.4%, the lowest level since May. The participation rate of women decreased by 0.1 points.
See the table for details on the statistics.
Original title:US job recovery slows as virus rises, increasing chances for help （抜 粋）
(Add and update statistics details)
